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Hamilton, ON, June 26, 2026 (GLOBE NEWSWIRE) — Today, Fengate Asset Management (“Fengate”) announced the official opening of 500 Upper Wellington, a new 260-unit purpose-built rental community in Hamilton’s Centremount neighbourhood. Located on the Hamilton Escarpment, the community offers expansive views with modern, family-oriented suites and is the first property to begin leasing under Fengate Communities which launched earlier this year.
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500 Upper Wellington is a LiUNA Pension Fund of Central and Eastern Canada (“LPFCEC”) project, developed in partnership with Fengate and The Hi-Rise Group. The project reflects the partners’ shared commitment to expanding housing supply across Canada and underscores a long-standing, scalable approach to delivering high-quality, attainable rental housing solutions for Canadians.
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The opening comes amid continued need for purpose-built rental housing across Hamilton and Ontario. 500 Upper Wellington has achieved strong leasing performance, achieving approximately 30 per cent lease-up within three months of occupancy, reflecting high interest from residents seeking professionally managed rental options in Hamilton.
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The event featured comments from Mayor Andrea Horwath, City of Hamilton, Councillor Rob Cooper, Ward 8, City of Hamilton, Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada, and John-Bosco Agbasi, Managing Director, Asset Management, Fengate Real Estate.
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“LiUNA has been helping build Hamilton and communities across Canada for generations, and our investment in 500 Upper Wellington reflects that long-standing commitment,” said Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada. “As demand continues to outpace supply, projects like this represent meaningful action toward increasing housing availability, creating opportunities for our members, and helping build stronger, more vibrant communities for today, and for the future. We are proud to continue investing in Hamilton, creating lasting value for the community while helping ensure the city remains a place of opportunity, growth, and prosperity for years to come.”
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At 500 Upper Wellington, residents have access to a range of lifestyle amenities, including a double-height lobby, fully equipped fitness centre, resident lounge and dining space, outdoor terrace, dedicated children’s playroom, pet run and indoor pet wash station. More than 40 per cent of suites offer two- and three-bedroom layouts, creating options for a variety of household sizes and living arrangements.
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